When it comes to Baby boomers, this is the most critical time in history
for those that are looking to retire and maybe receive some kind of pension.
Being retired does have it’s benefits, although most at this critical time
in their lives can’t afford to retire.
In the united states along there are 78,000,000 baby boomers.
It is estimated that 52% of baby boomers don’t have enough
retirement savings or investments to live on.
Some are being forced into retirement at an earlier age only to find
out that the global financial storm is more relevant than imagined.
Most don’t know what to do about it & are trusting in our Government.
The Government do not have enough money to finance the
type of programs they are hoping for, unless they increase the taxes.
It is essential that no matter how old or young for that matter that we
begin to arm ourselves with a Financial education. We aren’t living in
the Industrial age anymore. We are living in a Information age and we must
learn how to re- position ourselves as the rules of money has changed.
We can’t focus on job security, savings & retirement plans. Inflation is
rising and more & more people are falling into the poverty level.
The rich are going to get richer & the poor & middle class will grow
poorer due to taxes and inflation.
Our traditional educational system don’t teach financial education,
instead they continue the process of creating employees.
We must position ourselves to learn skills that will prepare us for
the real world of business. Here are three non-traditional must that
will assure one for entrepreneurial advances.
- How to use debt to invest
- Develop sales skills ( this = income)
- Learn how to reduce taxes paid
So if you are approaching retirement over the next five to ten years,
I have a question for you . Do you have any passive income streams ?
Do you have any non-taxable income?
Yes being retired has it’s benefits, if you have a financial education
and you are plugged into the right system to earn ongoing passive income.
Sign up for my news letter & I will keep you in the loop of some awesome
things going on to educate and prepare to be financially set even as I continue
to Learn, Implement & empower others…..